The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-29
DUN d CO.'S BUSINESS REVIEW.
A Diminished Volume of Trade, the Resul
of Heavy Rusiness in September.

A Diminished Volume of Trade, the Result
of Heavy Business in September.
NEW YORK, Oct. % r.. G. Dun & Co. in
their weekly review OF trade, say: During the
past week, and during the month, the vo,ums Of
busine IS has diminished somewhat, as IS natu-
raj at this season; but the October trade, in
some branches and sections. falls behind that of
the same month last year, fact partly ex-
planned by the unusual volume of business in
September. Distribution Of goods purchased
does not quite meet expectations, and collections
are still slow. or but fair, IN
many quarters, though the situation in
that respect is moro favorable than it
appeared to be a week or two ago. Demands for
accommodation from the West and South are
still frequent and the drain of money from this
point has not ceased. though it has lessened in
volume, partly because many balances have
been drawn down to the minimum and some ap-
plications for accommodate have been refused.
Exchanges still reflect fair activity in trade.
and railroad statistics q movement of products
large for the season. conservative indisposi-
since June, and has brought a timely check in
railroad building. real estate operations and
some branches of manufacturing. Consequently.
liquidation OF past operations is now the feat
ure of most interest; if that progresses
satisfactorily, the outlook for an excellent
trade in the future is good. Thus far, returns
branches of trade at most Southern and West
ern points, but some exceptions noted. The
collapse of many iron mining companies OF the
Gogebic range throws hundreds out or employ
ment, and brings disaster to a multitude of
small investors in their stocks, and to many
tradesmen. AT several localities whore real
estate speculation had become excessive q year
ago, failure to make second payments is now
producing reaction, with severe losses to many
All over the Southwest there are many holders
of real estate paper who are seeking payments,
not always with success
From most points this weeks reports indicate
some improvement in collections, a fair activity
in business, and diminishing stringency in money
markets. At Chicago the mercantile demand
for accommodations is undated, though coec
tons have improved and shipments of money to
the country have moderated. AT Omaha money
is easier. and real estate pay ments have thus far
been satisfactory. but slow collections and much
pressure noted at Kansas City. Wichita,
Cleveland and some Southern points Dlstlncs
Improvement appears at Louisville, Memphis
aud Atlanta Large failures cause some sur
prise at Milwaukee,.
0The iron trade still hesitates. and the market
for other than the best grades is very irregular.
More inquiry for rails IS noted, c1t orders are
not up to the expectations, aud there are reports
of sales at s33 The coal supply 10 short. The
wool market 10 better in tone, though sales
not yet large; some improvement in demand for
dress goods is noticed, but the manufacture or
heavy goods is still embarrassed by inadequate
demand Prices of cotton goods are firm. and
the movement satisfactory. Boot and shoe
buyers are numerous and prices firm. Bread
stuffs have advanced a little, and pork products
yielded Cotton is shade stronger, but oil is
4 cents lower. In the stock market. gradual re-
covery has lifted prices about ST. so per share,
and the tone is improved by some revival or for
eign purchases.
The business failures during the last seven
days number. for the United States. l93 and
with POI last week, aud 2l5 for the correspond
ing week last year.